Bridged BTC (NEAR Intents) (BTC)

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#Bitcoin 🗞 Short‑term Price Action & My Assessment

After we were, as expected, rejected at the higher‑level BC correction level (bearish), BTC is now at a pivotal point.

👉 Bullish scenario:
A subordinate bullish sequence is possible if a new higher high is formed (as shown in the chart). In that case the price could move back into the red box area, i.e., exactly where the rejection previously occurred.
Relevant liquidity still sits there and could be taken.

👉 Current key zone:
The green box currently acts as support.
As long as this area holds, the bullish scenario remains more likely.

👉 Bearish scenario:
If the green box breaks and the drawn trend line is not retaken, the higher‑level downtrend is expected to continue.
In this case the next targets focus on $64,000–$65,000 USD, also an area with high liquidity.

👉 Additional factor:
The marked volume levels (purple) are currently acting as resistance and should be taken into account for further development.

👉 Macro & Geo‑context (currently decisive):
The escalating geopolitical tension between the US and Iran is currently clearly negative for risk assets, that's a fact! No indicators needed.

Escalation → Risk‑Off → Sell‑offs & Liquidations
Uncertainty → Decrease of market liquidity

At the same time the macro situation remains burdensome:
High interest rates / less easing → less liquidity

Rising energy prices due to the conflict → additional pressure

Current reports show that this exact combination of geopolitics + macro + liquidity is dampening the crypto markets and leading to weak performance.

Sub 60K is not an “if” but only a “when” ⏳️